China's CPI To Threaten 3% Ceiling In September

China’s consumer price index in September will rise close to the government's targeted 3% y/y ceiling compared to August’s 2.5% print as a low comparison base last year, coupled with significant gains in pork and vegetable prices due to holiday demand, offset declining fuel costs, the Securities Daily reported citing Golden Credit Rating chief analyst Wang Qing. The risk of high inflation is low as weak demand does not support an overall rise in prices, Wang added. The producer price index, which measures factory-gate inflation, will slow to a y/y rate of around 1.4% compared to 2.3% in August as global oil prices declined and domestic industrial product prices for steel and cement fell due to weakness in the property sector, the newspaper said citing Wang.